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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Jeff Jordan who wrote (28397)	8/25/1999 8:46:00 AM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

My positions SPU's are under water 1330's and 1350's ( your suggestion gg I am joking my strategy I thought it was great idea. decided not to get out at 211/2 that what I saw waited and marekt roared back up) however, I will make money on both, I will start with them today. Working around them I am planning not to ditch them, lot of lurkers are making hard copies and following my posts very closely so for the benefit of these very lurkers nad my own students at home (gg) I would like to work on them, so as to have some good training to my few close followers. From opening I will see if we hold on to the gains, a strong opening more often than not may come to 1362, I think 1362 is perfectly doable, at that level dependiing on the prems Oct 1250's two times will give me a good cover which I will take out at 1282 area if the rally continues off 1362 bounce, and some covered puts on BKX DOT SOX may also help. I am long 1350 so if I sell 470 septs on SOX, and 490 Sep on DOT and 740 on BKX and take them out at 1382 SPU with Oct 1250 short puts, in percentages terms this will be further out although SPU will be the closest and by the way SPU is the most speculative and volatile, bur on all these individual positions I will be extreemly nimble. Expecting a test of 1350 before this Sept end I will be doing alright ..I make this a test case of covered puts my underlying calls will move explosive, with present puts I will have immeidate insurance and will be able to play on Yhoo Sept 160's or AOL's Oct 110's..